Indy Hub Foundation Inc
- Assets
- $34.0k
- Revenue
- $241.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 10/2013
- Data as of
- 12/2023
- EIN
- 45-5430916
Organization Overview
Indy Hub Foundation Inc is located in Indianapolis, IN. The organization was established in 2013. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indy Hub Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Indy Hub Foundation Inc generated $241.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $260.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ATTRACT, ENGAGE, EDUCATE, AND MOTIVATE YOUNG PROFESSIONALS OF ALL VARIETIES TO MAKE INDIANAPOLIS AN EVEN GREATER PLACE TO LIVE, WORK, AND PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDYVOLVED - INDYHUB'S LARGEST ANNUAL EVENT, PROVIDING A VOLUNTEER FAIR FOR THE COMMUNITY'S YOUNG PROFESSIONALS. MORE THAN 115 NONPROFITS EXHIBIT IN INDY'S CENTRAL LIBRARY, SHOWCASING VOLUNTEER AND BOARD OPPORTUNITIES FOR MORE THAN 2,000 PARTICIPANTS.
MEET INDY -RESEARCH SHOWS THAT EACH YEAR, 1 MILLION YOUNG ADULTS PICK UP AND MOVE. ATINDYHUB WE KNOW THAT BUILDING MEANINGFUL CONNECTIONS TO NEIGHBORHOODS, AMENITIES, CULTURE,AND PEOPLE IS CRUCIAL TO BEING HAPPY AND PROSPEROUS IN THE PLACE YOU CALL HOME. THE MEET INDYPROJECT IS CUSTOMIZED JUST FOR YOU. THE INDYHUB TEAM WILL LEARN MORE ABOUT YOU AND THENCONNECT YOU TO ONE OF OUR INCREDIBLE CITY AMBASSADORS. THEY'LL SIT DOWN AND LEARN ABOUT YOU- YOUR LIKES, YOUR DISLIKES, WHAT MAKES YOU GET OUT OF BED IN THE MORNING, AND THE THINGS THAT YOUENJOY WHEN YOU AREN'T AT WORK. ALL OF THAT INFORMATION IS KEY AS IT PLAYS INTO THE NEXT STEP-WHEREWE CONNECT YOU TO OUR FRIENDS AND PEERS FROM OTHER INDY ORGANIZATIONS SO YOU CAN DEEPEN YOURSOCIAL CAPITAL AND ENGAGEMENT IN INDY.
1828 LEADERSHIP PROJECT - ANNUAL LEADERSHIP PROGRAM WHICH CONVENES A COHORT OF 18-28 YEAR OLDS TO ENGAGE WITH CORPORATE, CIVIC, AND PHILANTHROPIC LEADERS. PROGRAM FOCUSES ON LEADERSHIP DEVELOPMENT, COMMUNITY BUILDING AN ACTIONABLE OUTCOMES FOR PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Napoleon Carroll President | OfficerTrustee | 35 | $76,095 |
Trevor Belden Foundation Chair | OfficerTrustee | 1 | $0 |
Kate Broshears Director | Trustee | 1 | $0 |
Joe Pellman Director | Trustee | 1 | $0 |
Becca Schmiegel Director | Trustee | 1 | $0 |
Brittany Crone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,641 |
| Total Program Service Revenue | $8,389 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,095 |
| Compensation of current officers, directors, key employees. | $28,916 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,929 |
| Pension plan accruals and contributions | $3,097 |
| Other employee benefits | $2,684 |
| Payroll taxes | $9,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,898 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,232 |
| Advertising and promotion | $75,069 |
| Office expenses | $2,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,033 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $260,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,576 |
| Savings and temporary cash investments | $5,464 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,040 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,690 |
| Total liabilities | $11,690 |
| Net assets without donor restrictions | $22,350 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $34,040 |